Ryan's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $235, 700 Actual manufacturing overhead cost $244, 800 Estimated machine hours 20, 100 Actual machine hours 22, 600 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The predetermined manufacturing overhead rate per machine hour is closest to $0.96. $12.18. $11.73. $10.83